Jul. 22, 2010 (Business Wire) -- Ryan & Maniskas, LLP (www.rmclasslaw.com/cases/lnce) is investigating potential claims against the board of directors of Lance, Inc. ("Lance" or the "Company") (NASDAQ:LNCE) concerning possible breaches of fiduciary duty and other violations of law related to the announcement that Lance and privately held pretzel maker Snyder's of Hanover (“Snyder’s”) plan to combine into the country's No. 2 producer of salty snacks.
Our investigation concerns possible breaches of fiduciary duty and other violations of law related to approval of the transaction by Company’s board of directors; in particular, whether the Company undertook a fair process to obtain fair consideration for all shareholders of Lance. For more information regarding our investigation, please contact Ryan & Maniskas, LLP (Richard A. Maniskas, Esquire) toll-free at (877) 316-3218 or by email at rmaniskas@rmclasslaw.com or visit: www.rmclasslaw.com/cases/lnce.
At the closing of the deal, which the companies expect in the fall, Lance holders will receive the one-time payout of $3.75 in the form of a special cash dividend. The all-stock transaction will leave Snyder's shareholders with 50.1 percent and Lance shareholders 49.9 percent of the combined company, to be called Snyder's-Lance Inc.
If you own shares of Lance and would like to learn more about these claims or if you wish to discuss these matters and have any questions concerning this announcement or your rights, contact Richard A. Maniskas, Esquire toll-free at (877) 316-3218 or to sign up online, visit: www.rmclasslaw.com/cases/lnce. You may also email Mr. Maniskas at rmaniskas@rmclasslaw.com. For more information about class action cases in general, please visit our website: www.rmclasslaw.com.
Ryan & Maniskas, LLP is a national shareholder litigation firm. Ryan and Maniskas, LLP is devoted to protecting the interests of individual and institutional investors in shareholder actions in state and federal courts nationwide.
